Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)
Schedule 7 Tax offset arising from franking deficit tax liability
Part 1 Amendment of the Income Tax Assessment Act 1997
4 At the end of section 205-5 (before the note)
Add:
(6) A tax offset is available to an entity that has incurred a liability to pay franking deficit tax.
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